As the world continues to change, we need to stay up to date on the technology that is flooding the internet. Blockchain is one of those digital technologies that are becoming more and more prevalent everyday. We have collected some information and details that everyone needs to know about and will help you understand the concept better.
Firstly, blockchain is an incorruptible digital list or ledger of on-line transactions that can be programmed to record financial transactions and virtually everything of value. This probably doesn’t make sense.
BLOCKCHAIN SIMPLIFIED
- It is like a huge, decentralized, global spreadsheet.
- It keeps track of who sent coins/tokens or information, how many were sent and to whom were they sent.
- In referencee to Coins/Cryptocurrency; it tracks the balance of every account.
- It is maintained by thousands of people around the globe who have “special” (high powered and uniquely configured) computers.
- The blocks contained within the blockchain are made up of all the individual transactions sent and received through the system. Examples include, all individual transactions sent from places like Ominex, MyEtherWallet, MetaMask, Exodus, Mist, Geth, Parity, and everywhere else.
- When you access your Cryptocurrency Balances on any Blockchain Wallet or view your transactions on a specific sources like etherscan.io, blockchain.info, etc., you are seeing data on the blockchain itself..
More details and Benefits to all of us:
Secondly, this is a system that bring everyone to the highest degree of accountability. Resulting in:
- No more corrupted transactions or ones that are missed.
- The elimination of corrupt or broken databases. An end to human error.
- No transactions made without the consent of the parties involved.
- The blockchain guarantees the validity of a transaction by recording it on a main register and on a distributed network of registers. All of which connect through a secure validation protocol.
Blockchain technology is referred to and explained best by considering it Internet 3.0.
The blockchain is an undeniably great invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. Since then, it has evolved into something greater, and the question is…..What is Blockchain?
Since the recent proof of Bitcoin and the creation of blockchain, Bitcoin has been called “digital gold.” Seems like a great name for it; since it has proven to be just that. Hence, to date, the total value of the currency is close to $350 billion US. Likewise, it doesn’t stop there as blockchains can make support other types of digital currency.
Feel like you are missing out? Do not. We have so many ways to get you involved.
Therefore, do you want to be a part of this bright future? Become a Cryptocurrency Miner on the blockchain. Hence, you do not need to fully understand it or put money at risk. Find out how you can safely and securely use your Computers to benefit and earn BTC. CLICK HERE and get STARTED NOW. This is literally creating the possibilities of millionaires amongst even the simplest and non-understanding of us out there. And, it is real!
Like the internet smartphones, computers, or your car; you do not need to know how the blockchain work, but for you to use it. However, having a basic knowledge of this new technology helps you to be a part of this awesome technology.
Blockchain details do not need to be fully understood to be used by us all:
This can be a lot to take in, however, we invite you to bookmark and come back for more information, or to review this information. Maybe you will be like the thousands of others informed by our Blog on blockchain details here. Be sure to subscribe on the right so you can be kept up to date with the new blockchain programs, services, and fun to be had by us all.
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